Exxon Mobil Corporation $XOM Stock Position Raised by Fisher Asset Management LLC

Fisher Asset Management LLC raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 1.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,194,493 shares of the oil and gas company’s stock after purchasing an additional 340,785 shares during the period. Exxon Mobil makes up approximately 1.3% of Fisher Asset Management LLC’s holdings, making the stock its 20th biggest position. Fisher Asset Management LLC’s holdings in Exxon Mobil were worth $3,517,179,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Journey Strategic Wealth LLC lifted its stake in shares of Exxon Mobil by 0.3% in the third quarter. Journey Strategic Wealth LLC now owns 40,107 shares of the oil and gas company’s stock valued at $4,522,000 after buying an additional 126 shares during the period. PKS Advisory Services LLC raised its holdings in Exxon Mobil by 1.1% in the 3rd quarter. PKS Advisory Services LLC now owns 16,731 shares of the oil and gas company’s stock valued at $1,886,000 after acquiring an additional 174 shares in the last quarter. Provenance Wealth Advisors LLC lifted its position in shares of Exxon Mobil by 10.6% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 2,324 shares of the oil and gas company’s stock worth $262,000 after acquiring an additional 223 shares during the period. New Age Alpha Advisors LLC grew its holdings in shares of Exxon Mobil by 5.6% during the 3rd quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock worth $18,778,000 after purchasing an additional 8,853 shares in the last quarter. Finally, Arete Wealth Advisors LLC increased its position in shares of Exxon Mobil by 6.3% during the third quarter. Arete Wealth Advisors LLC now owns 75,500 shares of the oil and gas company’s stock valued at $8,515,000 after purchasing an additional 4,460 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 3,230 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $149.18, for a total transaction of $481,851.40. Following the transaction, the vice president directly owned 20,354 shares in the company, valued at approximately $3,036,409.72. The trade was a 13.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 14,230 shares of company stock worth $1,888,421. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on XOM. Bank of America raised their target price on Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. TD Cowen increased their price objective on shares of Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Wells Fargo & Company reduced their price objective on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. Jefferies Financial Group increased their price target on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, Zacks Research upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $140.59.

Exxon Mobil Price Performance

Shares of XOM stock opened at $152.55 on Monday. The firm’s 50 day moving average price is $135.64 and its two-hundred day moving average price is $121.77. The stock has a market cap of $635.62 billion, a PE ratio of 22.80, a PEG ratio of 15.82 and a beta of 0.35. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $156.93. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The business had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same period last year, the company earned $1.67 EPS. The firm’s revenue was down 1.3% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s payout ratio is currently 61.58%.

Exxon Mobil Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.